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Trinity Bilked Feds Of $175M, Jury Finds In Guardrail FCA Suit

A Texas federal jury Monday found that Trinity Industries Inc. defrauded the U.S. government out of $175 million by selling dangerous guardrails to the U.S. Federal Highway Administration, reaching the verdict three days after a judge refused to toss the False Claims Act case.

  • Ackman Says Allergan CEO Oversaw Valeant Smear Campaign

    Activist investor Bill Ackman in a new court filing late on Monday accused Allergan Inc.'s CEO of trying to tarnish Valeant Pharmaceuticals International Inc. in an effort to sour shareholders on its hostile $53 billion bid.

  • GM Ignition Defect Death Tally Rises To 29

    More deaths have been attributed to a faulty ignition in General Motors Co. vehicles, bringing the total to 29, according to a claims report released Monday by the attorney who manages a compensation fund for victims of crashes caused by the defect.

  • Facebook Sues DLA Piper, Other Firms Over Sham Case

    Facebook Inc. on Monday sued DLA Piper LLP and three other law firms that previously represented Paul Ceglia, a businessman criminally charged with filing sham litigation seeking a 50 percent stake in the social media giant.

  • Skadden Steers Permira In $3.5B Agrochemicals Unit Sale

    Private equity firm Permira has netted  $3.51 billion through the sale of insecticide and agrochemicals maker Arysta LifeScience Ltd. to a chemical company part-owned by activist investor Bill Ackman, with assistance from Skadden, Arps, Slate, Meagher & Flom LLP, the companies said Monday.

  • WTO Once Again Strikes Down US Meat Labeling Rules

    For the third time in three years, the World Trade Organization faulted U.S. labeling requirements for pork and beef, finding on Monday that the regulations were still discriminating against Canadian and Mexican imports despite the government's efforts to comply with earlier adverse rulings.